Satoshi Nakamoto's net worth fell by more than 20 billion dollars amid the market collapse.

Satoshi Nakamoto, the father of Bitcoin (BTC) has recorded unrealized losses of over 20 billion USD since Bitcoin reached an all-time high (ATH) of over 126,000 USD in early October.

According to data from Arkham Intelligence, Satoshi currently holds more than 1 million BTC, equivalent to a value of over 117.5 billion USD at the present time. This figure increased to over 136 billion USD during the Bitcoin price surge when it reached a new all-time high in the first week of October.

Satoshi Nakamoto's Bitcoin assets | Source: Arkham IntelligenceHowever, the cryptocurrency market has experienced significant volatility due to a series of liquidations in the perpetual futures market on October 8. These liquidations were triggered by a social media post from U.S. President Donald Trump, in which he announced additional tariffs on China, raising fears among investors about a potential repeat of a trade war.

The market decline has led to 20 billion USD being liquidated, marking the worst liquidation event in cryptocurrency history within 24 hours, causing prices to plummet, with the value of some altcoins dropping by more than 99%. Nevertheless, Bitcoin has shown resilience, maintaining a value above 100,000 USD.

This market crisis is seen as a temporary shock, not a reassessment of the fundamentals. Investment analysts at The Kobeissi Letter believe that this decline is only short-term and “does not have long-lasting fundamental impacts.”

Many technical factors contributed to the market collapse, including over-leverage and thin liquidity, increasing volatility and exacerbating the impact of large, sudden fluctuations.

Bitcoin price trends | Source: TradingViewAccording to The Kobeissi Letter, “We believe a trade agreement will be reached, and cryptocurrency will remain strong. We are optimistic about the future outlook.”

Previously, The Kobeissi Letter pointed out that the all-time high of Bitcoin coincided with the weakest year of the US dollar since 1973, signaling an important macroeconomic shift. Furthermore, the prices of risk assets are rising concurrently with store-of-value assets like gold and BTC, an unusual phenomenon, as these types of assets typically tend to move in opposite directions, adding weight to the macroeconomic hypothesis of the Kobeissi analysts.

Mr. Giáo